Staking my buddy money for live poker. Need info

Quick6EF · 05-07-2011, 06:41 PM

Im on my phone fwiw...

So theres no more online poker; my friend's entire income comes purely from online games.

He is going to play live tables, but because a lot of his liquid cah is held up right now, he's looking for investors.

Maybe looking to stake 2500. [b]Any idea what % return i should be expecting?

Quick6EF · 05-07-2011, 06:44 PM

Nws

Kroy · 05-07-2011, 06:47 PM

those are some harry arms....

Quick6EF · 05-07-2011, 06:51 PM

Quote:

Originally Posted by Kroy

those are some harry arms....

harry

Ps anyone going to Tough Mudder? I'm on my way up to VT with some buddies.

2M · 05-07-2011, 06:59 PM

pm me your paypal, I have an extra 2,500 laying around..as long as you promise to pay me back

JayKay335i · 05-07-2011, 07:24 PM

-110%

Kroy · 05-07-2011, 07:25 PM

Quote:

Originally Posted by Quick6EF

harry

Ps anyone going to Tough Mudder? I'm on my way up to VT with some buddies.

but i could have just said pun intended and it's a man lol.

nnnnnnnnnnnnnnnnnnnnnn · 05-07-2011, 07:33 PM

Quote:

Originally Posted by Quick6EF

Im on my phone fwiw...

So theres no more online poker; my friend's entire income comes purely from online games.

He is going to play live tables, but because a lot of his liquid cah is held up right now, he's looking for investors.

Maybe looking to stake 2500. [b]Any idea what % return i should be expecting?

Give him $2500, charge 30% interest if he loses it or 75% of profits until you are paid in full plus 10%. And have it all in writing if you ever want your money back.

JayKay335i · 05-07-2011, 07:35 PM

Quote:

Originally Posted by ferrari355fi

Give him $2500, charge 30% interest if he loses it or 75% of profits until you are paid in full plus 10%. And have it all in writing if you ever want your money back.

But if he does he'll have to be prepared to viciously beat him if unpaid.

nnnnnnnnnnnnnnnnnnnnnn · 05-07-2011, 07:37 PM

Quote:

Originally Posted by JayKay335i

But if he does he'll have to be prepared to viciously beat him if unpaid.

I'm sure he will have the motivation once he doesn't have that $2500 anymore.

richardbb85 · 05-07-2011, 08:54 PM

playing online is wayyyyyyy different than playing live poker, don't invest in your friend

gun6slinger9 · 05-07-2011, 09:29 PM

If he's like 90% of the online players that I've seen, your money is as good as gone. The majority of online players cant play live games well enough to make a profit. Unless you are sure he has the ability to pay you back when his assets are available I would suggest you not lend to him.

Comet · 05-07-2011, 11:41 PM

I think he should wait for his liquid cash to free up
if he is so sure of himself, I'm sure he can free up 2,500$.. it isn't a lot of money...
and if he is so good, then he should be able to turn 200$ into that 2,500$

just my thought

double_j · 05-08-2011, 05:43 AM

On line is much different than live. You will lose your stake and be prepared to be asked for a reload. If you're going to mix friends and money, accept the fact that you're basically giving the cash away and make it a gift.

There's no market for this so there really is no norm. Charge whatever you need to feel good about giving him 2500. If it's too high and he doesn't like it, he can just say no and find somebody else.

1cleanm6 · 05-09-2011, 01:37 AM

if this is your best friend who you look at like a brother give him money.

However any other friend which is 1% less then less, do not waste your time. It will cause drama, I promise you.

KGB7 · 05-09-2011, 02:03 AM

Quote:

Originally Posted by Comet

I think he should wait for his liquid cash to free up
if he is so sure of himself, I'm sure he can free up 2,500$.. it isn't a lot of money...
and if he is so good, then he should be able to turn 200$ into that 2,500$

just my thought

+1

Joekerr · 05-09-2011, 12:10 PM

Echoing what everyone else has said - playing live is SO much different than online. It will be gone faster than he knows what's happened.

Don't do this.

chuanlee · 05-11-2011, 02:27 AM

Don't transition to live poker. Tell him to get his series 7, 55, 63, 87 etc and then transition to a trading desk... especially if his APM is high as a result of certain "other games." He could make 300 times more on rediplus than he ever did on fulltilt if his fundamental understanding of risk/reward is strong enough to earn a living playing poker.

karliejai · 05-12-2011, 04:05 PM

if hes really good, how can he not have $2500 sitting around ESPECIALLY he gambles as a living?!?!?

so let me ask you, would you really stake him?

but i would prolly charge a 20% on top, so he pays you $3000 back in maybe 3 - 6 months?

05-07-2011, 06:41 PM	#1
Quick6EF Lieutenant 93 Rep 489 Posts Drives: E92 Space Gray Join Date: Apr 2010 Location: Boston iTrader: (0)	Staking my buddy money for live poker. Need info Im on my phone fwiw... So theres no more online poker; my friend's entire income comes purely from online games. He is going to play live tables, but because a lot of his liquid cah is held up right now, he's looking for investors. Maybe looking to stake 2500. [b]Any idea what % return i should be expecting? __________________
	Appreciate 0 Tweet Quote

05-07-2011, 06:44 PM	#2
Quick6EF Lieutenant 93 Rep 489 Posts Drives: E92 Space Gray Join Date: Apr 2010 Location: Boston iTrader: (0)	Nws __________________
	Appreciate 0 Quote

05-07-2011, 06:47 PM	#3
Kroy Brigadier General 177 Rep 3,032 Posts Drives: E90 Join Date: Jul 2009 Location: Los Angeles, CA iTrader: (1)	those are some harry arms....
	Appreciate 0 Quote

05-07-2011, 06:59 PM	#5
2M Colonel 508 Rep 2,200 Posts Drives: Mineral Grey M2 Join Date: Sep 2009 Location: New York iTrader: (2)	pm me your paypal, I have an extra 2,500 laying around..as long as you promise to pay me back __________________ E9X Picture Game: 8 points: (High visibility jacket; Strip Club; Pizzeria; Sobriety Test; E9x dressed for Halloween, Billiards, Oil Change, Orange Cone)
	Appreciate 0 Quote

05-07-2011, 07:24 PM	#6
JayKay335i Banned 198 Rep 5,046 Posts Drives: ///M323 DCT Join Date: Apr 2009 Location: North Dakota; its best DUHHHHHH iTrader: (1)	-110%
	Appreciate 0 Quote

05-07-2011, 08:54 PM	#11
richardbb85 Lieutenant Colonel 105 Rep 1,652 Posts Drives: e92 m3 Join Date: Apr 2010 Location: annandale, va iTrader: (0)	playing online is wayyyyyyy different than playing live poker, don't invest in your friend __________________ 2011 E92 Space Grey/black + Tech + Premi + Heated Seats
	Appreciate 0 Quote

05-07-2011, 09:29 PM	#12
gun6slinger9 Second Lieutenant 30 Rep 268 Posts Drives: 428xi Join Date: Feb 2010 Location: Calgary Canada iTrader: (0)	If he's like 90% of the online players that I've seen, your money is as good as gone. The majority of online players cant play live games well enough to make a profit. Unless you are sure he has the ability to pay you back when his assets are available I would suggest you not lend to him.
	Appreciate 0 Quote

05-07-2011, 11:41 PM	#13
Comet Troll Harder 413 Rep 596 Posts Drives: 997 GT3, 997 4 GTS, X6M Join Date: May 2007 Location: Montreal, Beirut iTrader: (0) Garage List 2011 Porsche GT3 [8.00] 2012 Porsche 4 GTS [5.34]	I think he should wait for his liquid cash to free up if he is so sure of himself, I'm sure he can free up 2,500$.. it isn't a lot of money... and if he is so good, then he should be able to turn 200$ into that 2,500$ just my thought __________________
	Appreciate 0 Quote

05-08-2011, 05:43 AM	#14
double_j First Lieutenant 86 Rep 331 Posts Drives: 2008 JB/B E90 M3 Join Date: Nov 2009 Location: Northeast USA iTrader: (0)	On line is much different than live. You will lose your stake and be prepared to be asked for a reload. If you're going to mix friends and money, accept the fact that you're basically giving the cash away and make it a gift. There's no market for this so there really is no norm. Charge whatever you need to feel good about giving him 2500. If it's too high and he doesn't like it, he can just say no and find somebody else.
	Appreciate 0 Quote

05-09-2011, 01:37 AM	#15
1cleanm6 Brigadier General 479 Rep 3,666 Posts Drives: M5 comp/Range/i3S Join Date: Feb 2008 Location: Earth iTrader: (7)	if this is your best friend who you look at like a brother give him money. However any other friend which is 1% less then less, do not waste your time. It will cause drama, I promise you.
	Appreciate 0 Quote

05-09-2011, 12:10 PM	#17
Joekerr Banned 7935 Rep 1,923 Posts Drives: 2017 Audi S6 Join Date: Jan 2008 Location: Toronto, ON iTrader: (0)	Echoing what everyone else has said - playing live is SO much different than online. It will be gone faster than he knows what's happened. Don't do this.
	Appreciate 0 Quote

05-11-2011, 02:27 AM	#18
chuanlee Registered 0 Rep 4 Posts Drives: 535 Join Date: Apr 2010 Location: houston, tx iTrader: (0)	Don't transition to live poker. Tell him to get his series 7, 55, 63, 87 etc and then transition to a trading desk... especially if his APM is high as a result of certain "other games." He could make 300 times more on rediplus than he ever did on fulltilt if his fundamental understanding of risk/reward is strong enough to earn a living playing poker.
	Appreciate 0 Quote

05-12-2011, 04:05 PM	#19
karliejai Da Kid 124 Rep 4,576 Posts Drives: JetBlack e90 335i Join Date: Mar 2007 Location: USA iTrader: (4)	if hes really good, how can he not have $2500 sitting around ESPECIALLY he gambles as a living?!?!? so let me ask you, would you really stake him? but i would prolly charge a 20% on top, so he pays you $3000 back in maybe 3 - 6 months? __________________ MODS: OEM Front Splitter \| ACS Roof Spoiler \| OEM Trunk Spoiler \| Matt Black Front Grill \| Black Shadowline Window Trim \| Painted Front Lower Rod \| Blacklines \| JDM Yellow Fogs \| Custom Silver CF Headlights with LUX 4.0 \| Eisenhaus Sports Exhaust
	Appreciate 0 Quote